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Greece Infrastructure Report Q2 2016

BMI Industry View
Table: Greece Construction Industry Forecast
Table: Greece Infrastructure Risk/Reward
SWOT
Infrastructure SWOT
Industry Forecast
Construction And Infrastructure Forecast Scenario
Latest Updates
Table: Construction And Infrastructure Industry Data (Greece 2015-2025)
Structural Trends
Transport Infrastructure - Outlook And Overview
Latest Updates
Table: Transport Infrastructure Industry Data (Greece 2015-2025)
Structural Trends
Table: Transport Projects
Energy And Utilities Infrastructure - Outlook And Overview
Latest Updates
Table: Energy And Utilities Infrastructure Data (Greece 2015-2025)
Structural Trends
Table: Fast-Tracked Projects Of Common Interest - Greece
Table: Energy & Utilities Projects
Residential/NonResidential Building - Outlook And Overview
Latest Updates
Table: Residential and Non-Residential Building Industry Data (Greece 2015-2025)
Structural Trends
Table: Construction And Social Infrastructure Key Projects
Industry Risk/Reward Index
Greece - Infrastructure Risk/Reward Index
Rewards
Risks
NAWE Infrastructure RRI: Outperforming On Risks And Rewards
Table: North America And Western Europe: Infrastructure Risk/Reward Index
Market Overview
Competitive Landscape
Table: Key Company Financial Data
Company Profile
GEK Terna S.A
Aktor
J&P-AVAX Group
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Sector-Specific Methodology
Table: Infrastructure Risk/Reward Index Indicators
Table: Weighting Of Indicators

Greece Infrastructure Report Q2 2016

BMI View: Overall, the long-term outlook for Greece's struggling construction sector remains bleak. While the country has successfully agreed a third bailout deal, economic growth will remain subdued, and significant structural weaknesses persist, exacerbated by ongoing political uncertainty. There is therefore little scope for public spending, and we expect private investment to be the sole source of growth throughout much of the forecast period. Key to this is the progression of highly unpopular privatisations of major state-owned assets, including transport infrastructure and key utilities. Although we expect some growth in the value of the construction sector over the forecast period, driven by projects such as the Trans Adriatic Pipeline (TAP), it will be more than a decade before the industry successfully regains 2013 value levels and even longer before pre-crash values are obtained. Latest Updates and Structural Trends

Privatisation looks set to proceed with the creation of a EUR50bn investment fund, into which the government will transfer state-owned assets, which will be either sold off or managed in order to fund debt repayments and economic reform.

In January 2016, the privatisation of Port of Piraeus was agreed after COSCO raised its offer from EUR293.1mn to EUR368.5mn for 67% stake. The deadline for final bids for the Port of Thessaloniki is by the end of February 2016.


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